IDB Appoints New VP For Countries

The Inter-American Development Bank (IDB) has appointed Otaviano Canuto – currently Brazilian director to the World Bank – as vice-president for Countries for a three-year term. Canuto will take charge of the four Country Departments covering the regions in which the IDB divides its operations in Latin America and the Caribbean, 26 Country Offices, and the Operations Procurement Office, said the Bank in a statement. Prior to joining the World Bank in 2004, Canuto served as director of international affairs at the ministry of finance of Brazil.